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shutdown caused by superstorm sandy. it was critical for the markets to open today. it's the end of the month, which means money managers will be pricing portfolios. a conference call is scheduled today for european leaders to talk about the progress greece is making on austeritiy measures to get its much needed bailout. may the force be with disney. disney is buying lucasfilm for $4 billion. george lucas is the creator of "star wars." tres knippa of kanai capital management joins us this morning. good morning. at last, a trading day for you there. tres, i wonder, what's the trade that you're really aching to get in. what do you think will be your first trade today? > > in the last couple of days, as you analyzed what happened and as the storm hit, there were kind of some absolutes in my mind about what should have happened. number one, as you close refineries along the eastern seaboard, you should have seen spikes in unleaded gasoline prices. but by the same token, if those refineries are closed, that means that the end users don't need crude. they're not going to buy crude. so
that collapsed during superstorm sandy is still hanging precariously over one of the busiest cross streets in manhattan. we'll take you live to the scene next and the massive litigation that is sure to follow because this crane collapsed as it was sitting on the roof of this building even though we anticipated this storm. >>> later, millions are still without power as we speak across the east coast. damage estimates mounting in the billions of dollars. courtney reagan is tallying it up in few minutes. >>> and how will hurricane sandy affect the elections? we're back in a moment. oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550
here on nbr! >> tom: hurricane sandy is now super-storm sandy as it clashes with another weather system, bringing wind, rain, and snow to parts of the mid-atlantic and northeastern u.s. she has cut a path of destruction, flooding, and massive power outages as the death toll from the storm stands at 17 across seven states. even as sandy makes her way to canada, the destruction is devastating. high winds pushed the atlantic ocean up and over seawalls, flooding entire neighborhoods. the wind and water teamed up to cut power to millions of people along the eastern seaboard. the storm surge even continued today as sandy tracked through western pennsylvania and new york state. the storm has affected an estimated one out of every five americans, bringing some business to a standstill over flooding, closed airports, and no public transportation. while rescue efforts continue tonight, early damage estimates are still rough, running between $10 billion and $20 billion, according to eqecat. hurricane irene did $10 billion damage 14 months ago. >> susie: wall street was closed again today for the s
in washington with some words of encouragement in the aftermath of superstorm sandy. we welcome you to "closing bell." mari maria, how are you doing? >> i'm doing well. i'm coming to you live from rockefeller center in new york city. the market closed once again today. it is back to business tomorrow, though, with the new york stock exchange and the nasdaq announcing plans for normal trading hours tomorrow. >> i'm bill griffeth. the superstorm did put the brakes on wall street for those two days. the death toll, unfortunately, continues to rise. millions are still without power across several states and will be for several days. but tomorrow will mark a big step toward normalcy for america an its economy as the stock market gets set to open once again. the big question now is, what happens when that opening bell rings tomorrow morning after such a long hiatus and such a disastrous storm? >> really unprecedented. we have team coverage today. scott cohn with the latest on the flooding near wall street. courtney reagan is monitoring the power outages. jackie deangelis is in a new jersey town. we k
good afternoon, everyone. i'm anderson cooper this is cnn special coverage of superstorm sandy, the devastation, the rescues, the early efforts to recover and most importantly to rebuild. i'm live in new york city from a balcony of the time warner center. just over my should, the chanced crane still dangling over 57th street, the entire area still blocked off. the storm claimed least 50 lives in the u.s. and one in canada. a woman who was hit by storm-tossed debris, damage is expected to run into tens of billions of dollars. and today, a new challenge, looters breaking into businesses. >> people coming out with all kinds of stuff, everything. whatever you can think of, from juice and sodas, waters, cigarettes, tvs, anything you can think of, they were getting it. >> 9,000 people spent the night in red cross shelters spread across 13 states. national guard troops arrived overnight and are rescuing families trapped by floodwaters in hoboken, new jersey. we learned today that the navy is sending three amphibious landing ships to the coast of new york and new jersey in case they're
here. ♪ >>> welcome back to our continuing coverage of superstorm sandy. aaron herman walked around his neighborhood, capturing some of the destruction he saw following the superstorm. let's watch. >> devastation in white plains, where literally trees are ripped from its roots. >> amazing stuff. first, irene, now sandy. for two consecutive years, costly deadly hurricanes hit the northeast. we're hear a lot of people say if irene was a wake-up call, sandy is a bucket of water that should snap us all to attention. let's listen to andrew cuomo, the governor of new york. >> there has been a series of extreme weather incidents. anyone that is not a political statement, that is not a factual statement. anyone who says there is not a dramatic change in weather patterns, i think is denying reality. and i would like to say that this is probably the last occurrence we will have. i don't believe that. >> cuomo went on to say new york now seems to get a 100 year flood every two years. joining me now is ben strauss, the chief operating officer and director of the program on sea level rise at climate
. >>> the price tag on damage by superstorm sandy could reach as much as $50 billion according to new estimates by eqecat. the widespread outages of electricity and subway service could push the estimates higher. >>> as it wrists down the value of past investments ahead of another restructuring. that is the latest from the fox business network. giving you the power to prosper. melissa:. lori: the obama administration says it is still investigating the attacks in at the consulate in benghazi but with days before the election the american people are unhappy with the job done there. according to latest "fox news poll", 39% approve the job obama is doing on libya and 47% voters disapprove. lou dobbs is here. you've been a outspoken critic on the handling of the benghazi situation so what does the poll reflect? >> the poll reflects the sentiment, without knowing the details, understand that this administration has stonewalled, refused to be forthcoming not details but even broad brush strokes what was going on in benghazi before the attack. how much warning we had. it was, it's, it's a time for fran
is still quite the nightmare. laguardia hit hard by superstorm sandy opened a few hours ago but with limited service. also limited service at some of the other new york airports. this morning a few subway lines are back up and run ining. trains will stay away from lower manhattan where the power is still out. buses, as you might expect, are packed with many people waiting hours in line to get on board. the good news? all public transportation is free today and tomorrow. oh, but then there's the traffic gridlock. treats are packed and mayor michael bloomberg says all cars coming into manhattan must have at least three people inside. one lawmaker is balking at the idea of spending your tax dollars there. steve king is a republican congressman from landlocked iowa, a fiscal conservative who often rails against spending. in fact, he gained prominence for opposing federal aid for victims of hurricane katrina. he says that can teach us lessons now. >> i want to get them resources to lift them out of this water and the sand and the ashes and the death that's over there in the east
on the latest on superstorm sandy. charlie: people are dead across seven states, more than seven million without power. three public transportation and homes are flooded. we will talk to governor of pennsylvania tom corbett about the impact on his state and recovery efforts. ashley: stock market closed for a second day because of the storm. first-time weather has caused that to happen since 1880. the new york stock exchange and nasdaq announcing they will be open tomorrow for regular trading operations. more on that coming up. melissa: one week until election day how will the northeast impact boating? neil cavuto will join us later in the hour. breaking news. hurricane sandy. you want to tell us where we are going? let's go to robert gray who is standing by in new york with more on this. robert: thanks very much. fluid situation out here, but we grab colonel paul owen with the u.s. army corps of engineers. thanks for joining us on fox business. talked to was a little bit about the situation. you are surveying lower manhattan and had a look around more of the city before we grab you here. how is
days left vision gets cloudy. liz: did superstorm sandy already cast her vote? rich edson in washington, d.c. how do you cast that election. >> sandy carve ad path in states mostly decided president obama is well ahead in connecticut, new jersey and. some officials say sandy interrupted absentee voting in number of place although the state says there will be no problems on election day. ohio polling is in margin of error and there are pouter outages. election officials say there is currently power at all voting locations. they say early voting is moving smoothly. both candidates are in the buckeye states state with a full day of campaigning today. >> got anxious and attacking me day in and day out. attacking me does not create an dend today for him. we have a plan to get the economy going. >> what the governor is offering sure ain't changed. giving more power back to the biggest banks isn't change. leaving millions without health insurance isn't change. another five trillion dollar tax cut that favors the wealthy isn't change. >> they are pitching their closing arguments for president o
to the impact of superstorm sandy. dealers' attention now focused on the very important policy watch, the u.s. jobs data, which will be out on friday, as well as the u.s. presidential election next week. so a lot to watch out for. back to the studio. >> a lot to watch out for indeed, thank you very much. our business reporter at the tokyo stock exchange. >>> that's all for business news for this hour. i'll leave you with a recap of the markets. >>> u.s. president barack obama would be speaking to crowd after crowd in swing states if it hadn't been for the storm. he has less than a week to convince undecided voters. st americans have already examined his record over the past four years. he started his term with a sentiment offered by many of those who came before him. >> that america can change. our union can be perfected. >> many americans have grown tired of what their country had come to represent under george w. bush. obama promised change at home and abroad. he brought an end to the war in iraq. he said u.s. combat forces would pull out of afghanistan by the end of 2014. and he promised
of superstorm sandy. here's the latest. more than 6,000 households in the new york area are still without power. hundreds of patients at bellevue hospital had to be evacuated when the backup generators ran out of fuel. in new jersey, at least 6,000 people are still in shelter. today president obama got a first hand look at the damage with governor christie. >> i've instituted a 15 minute rule with my team. you return everybody's phone calls within 15 minutes. if they need something, we figure out a way to say yes. >> i cannot thank the president enough for his personal concern and compassion for our state and for the people of our state. >> prior to the storm christie, the republican had been a fierce critic of the president. today christie said that he and the president are both big boys, and when it comes to getting something done, he doesn't care what party he's in. >>> cbs 5 reporter joe vasquez. >> reporter: this is one of the hardest hit shore communities, world famous town, largely because of mtv's jersey shore. snooki and her friends spent several summers on tv here. the ferris wheel an
superstorm sandy has helped him make up his mind. rally inent obama's colorado in 2008, a young adoring crowd. >> are you fired up? [cheers] >> the placards or different, but the change is still on the agenda. it is just that change takes time, he says. >> you know where i stand and you know i'm willing to make tough decisions even when they are not politically convenient. [cheers and applause] >> the looked like he was enjoying himself, which was not always the case in this campaign. people wondered after he still had a fight in him, after his first debate. he also had good reason to smile. the unexpected backing of new york mayor michael bloomberg, out from managing the city's response to hurricane sandy to endorse president obama. he was not un critical of the president, but he link to the hurricane to climate change and said that the storm has brought tuesday's election into focus. he says president obama has taken major steps to reduce oour and consumption over the past four years. now, mitt romney has a history of tackling climate change. he signed a cap-and-trade plan as governor of ma
of last resort but pay phones are suddenly in demand on the east coast in the wake of superstorm sandy. the cbs 5 consumerwatch reporter julie watts tells us people who use pay phones often get a wake-up call when they see the bill. julie. >> reporter: that is right. with 25% of the new york city cell towers wiped out new yorkers are now lining up to use pay phones. and here in earthquake country we're just one tremor away from a similar situation but next time you're forced to use a pay phone you may be in for a surprise. [ beep ] >> reporter: it may have been a while since you've used one of these but the next time you make a pay phone call you'll need more than a quarter. try 20 bucks. >> that's pretty extreme. crazy. >> reporter: that's the holding fee that showed up on our bill weather we recently used a debit card to make a 20-second call at this pay phone from the airport to our station merely 13 miles away. the sign on the phone says a domestic call costs 8 contrary to the recording which quotes another pay phone rate. >> on the first minute charge will be $6.97. each addition
by the superstorm sandy up there. monika? >> heading south. there's construction in place just south of thornburg southbound 95 after route 606. only one lane taken up. northbound lacks grassroot here -- looks great here in springfield. i'll be back with more traffic coming up at 5:29. you're watching 9news now. stay with us. >>> welcome back. i'm jessica doyle in for andrea roane on this friday morning. >> sure, now the printer starts working. >> now it's making some noise. >> good morning, it's friday. thanks but the printer is tired. it's been a long week. i'm mike hydeck, glad you're with us, good morning monika samtani how are you? >> please give me a rest. >> yes indeed. a man who really needs some rest, this guy who's done more talking in the last week because of hurricane sandy -- >> even i'm tired of hearing my own voice. when you said welcome back i was thinking john sebastian from the "welcome back, kotter" theme. i'm dating myself i know. we've got your day planner, 30s and 40s so yeah jacket weather this morning and it would be jacket weather this afternoon. now this morning we're go
saying a few words about what was going on in the aftermath of the superstorm sandy. we're going to continue to monitor what the president has to say. we'll bring you more of that. we also have some brand new poll numbers just in from the critical battleground state of ohio. you see the president in lima, ohio, right now. our brand new cnn/orc poll shows president obama with a narrow lead in that state 50% to mitt romney's 47%. that's within the sampling error making it still effectively a dead heat. our chief national correspondent john king is joining us right now. he's in ohio as well. john, take us inside these numbers. >> wolf, they are fascinating when you look deep in this poll. the president you just showed he's here in ohio. governor romney will be here tontd. they expect some 35,000 republicans at his rally. in this part of the state i'm in cincinnati tonight. when you look deep in our poll you see this one will be fought out through the last poll closing on election night. look at these two candidates among independents. governor romney with a slight edge 48% to 46%. a
here tomorrow, folks. jenna: fires and blizzard in the aftermath of the killer superstorm named sandy. we're glad you're with us everybody as our coverage continues on "happening now." i'm jenna lee. jon: i'm jon scott. the damage is stagger two days after sandy slammed the entire east coast. neighborhoods are without power and flooded out. dramatic rooftops rescues in hard-hit areas like staten island, new york. new york city subways remain shut down for a second day because of massive flooding. new york not the only place struggling to recover from a monster storm that is blamed for 55 deaths. ohio feeling the sheer force of sandy did. this powerful storm knocked down trees, snapping power lines, leaving hundreds of thousands of folks in the dark there. that is drop this the bucket compared to more than eight million who have no power. at the height of the storm. some as far away as michigan. a big chunk of the outages in new york. check out incredible video from huntington, long island. you can see as sandy rip as massive tree out right by the roots. this monster storm also changin
session after a 2-day shutdown due to superstorm sandy. in the end, october had some wicked moments for investors, leaving the dow down 2.5% and the s&p 500 off 2%, while the nasdaq lost 4.5%. and employment figures from adp for september were revised down, showing 88,200 jobs were added verus the 162,000 originally reported. this is just a test. the people at research in motion are testing the new blackberry 10 smartphones with 50 carriers around the world. even though it was a down day yesterday, todd horowitz of average joe options joins us. todd, i have to tell you, it was good to see those traders back on the trading floor. what was your impression of that trade? > > good morning. it was nice to be back. it was nice to be back in action. however, the trade was very slow and very dull, and we're still trying to figure out, we're trying to make sure that all the systems were working properly, and there is a lot of news coming out today and tomorrow with the adp jobs today and the regular jobs report tomorrow. so, it figured to be a little slow yesterday anyway. > > we had a surp
facing lower manhattan as it tries to recover from superstorm sandy. and we take a look at this morning's early movers here on wall street. at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversification - you'll have the tools to get it done. strategies. chains. positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? around here, options are everything. yes mom, i'll place a long call to you tomorrow. i promise. open an account today and get a free 13-month eibd™ subscription when you call 1-888-280-0154 now. optionsxpress by charles schwab. lo
♪ ♪ if you got a brand new key >>> we just heard from the labor secretary that superstorm sandy is not in these numbers this month, but you know, ali n the months ahead, we will be seeing and feeling the impact of this storm in every economic statistic in the next few statistic in the next few months. -- captions by vitac -- www.vitac.com >>> and we will talk about it in the election, and the unemployment rate the 7.8% or 7.9% and i have been saying it and you have been saying it for a long time and we concentrate on it because it is a political number, but we need to consider other things in the jobs report, the number of jobs created as well as the wages and the quality of jobs coming back and make all of that into your decision when making a decision. christine, i will talk to you later. for the rest of you, stay right here as carol costello takes over the next hour when we expect to hear live from president obama as he reacts to this, the final jobs report, before he puts his job on the line in four days. >> and also we would like to thank allen krueger and the rest of our g
for illinois, kentucky and tennessee. superstorm sandy could cost $20 million in property damage. already that is $5 billion more than hurricane irene. guaranteed that number goes up and 10 to $30 billion more in lost business. connell: let's talk about the new york stock exchange, one of the big story today that the exchanges back at it and open for the first time since hurricane sandy. close on monday and tuesday and early this morning nicole petallides had the chance to speak with c e o duncan neiderauer and asked if they could have opened the stock exchange earlier than today. >> we could have. it would have been irresponsible in light of what we know. we could have operated electronically and what the industry clearly told us on sunday was please don't open electronically because we have to put a lot of our people in harm's way so let's not do that. do i wish we came to a decision earlier? sure. but we all made the right decision. it would have been irresponsible and dangerous to be open monday and tuesday. dagen: coming up on quarter past the hour and want to do stocks now and every
closed due to superstorm sandy, soho, 14th street and grand central station. in asia, we were talking about in the last hour they're not selling those things as fast as they thought. aig swinging to a third quarter profit, beating forecasts after posting a nearly $4 billion net loss a year ago. the company saw improvements across all of its insurance businesses. the ceo telling maria bartiromo it's too early to estimate the financial impact of the storm. >> the coast guard opening the port of new york and new jersey on restricted basis allowing the backlog of barges containing relief supplies and oil. kelly, this week or next week, if i can get home today i can hold out 'til next week maybe. will it be okay? >> reporter: joe i think you'll see some incremental relief but you may still find yourself in a fuel line and i think it could be a week to two before we feel real wide seed relief. you can see the port of new york and new jersey behind me, sunrise coming up in a few minutes and it should see a little bit more action this morning, based on a coast guard lifting of the ban on boat
. we should note these results do not include the effects of superstorm sandy. joining me now to talk about that is aig president and ceo bob benmosche. we appreciate you joining us today. >> my pleasure, maria. >> so let's first talk about the earnings results. take us behind the numbers. how would you characterize business? >> i think it's another strong quarter for aig. we've had, you know, several in a row now. all of our businesses are profitable, all contributing strong to the earnings. so we're very pleased with the results, and the fact is as i've said before, the crisis is over. the company's fundamentally very strong. very strong liquidity position and capital position for the company. we're continuing to grow into the future. >> what's your expectation for the next quarter, bob? what will drive business? >> next quarter will be more of what you saw in this quarter. a continued -- we had some minor issues that were with brought up in this quarter where accounting areas were brought up from the past. i don't think those will reoccur. we're going to have to deal with the effec
reopening for trading today after superstorm sandy kept it dark for a couple days. liz: bob, how are you doing? >> good, yourself. liz: want to get that out of the way. good to see you again, liz. liz: we're well. i guess with the nasdaq, electronic trading, the question is did you really have to close down? >> well, the fact we were ready for monday is not material. the whole industry has to be ready. we work as a community. i think it was the proper decision to be taken. i think the key point is we clearly have to get that much better with respect to continue -- continuity planning. david: bob, we'll talk about this for awhile today, and it's true over the various indexes, but we had a terrific year. you guys up 20% from this time last year, and, yet, volume has been very low. a lot of retail inviers are still -- investors are still afraid of the market, from 2008, and, of course, facebook has a lot to do with it. it the facebook controversy over now? how else can you work to bring in the retail investors? >> well, i would say this, the market is wider than any one's thought. facebook
that concern. plus we'll go back to our top story on what has happened in the four days since superstorm sandy hit the surging anger over no power, no heat, no gasoline, and in many cases no help. who may suffer from the fallout. >> they are take generators. they are taking law enforcement off the job with the opportunity to help people and stopping looters. >> people here are still hurting and they are looking for people. it's crazy. [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you look
, see how much you could save. >>> let's get an update on the damage from the superstorm sandy. brian shactman joins us from montauk with more. >> reporter: it's a study of contrasts on montauk. to my left it is gorgeous when the sun peeks through and to the shore there's a hen-foot drop to my left and there was no ten-foot drop yesterday and there's an incredible amount of beach damage. you can see the whole beachfront is destroyed. that was a bar and grill that has never seen damage like that. it is absolutely gone and you walk all the way up the shoreline and you see the same thing. they do think on the north shore, believe it or not, there's more damage because of the storm surge onisland sound. i talked to bill wilkinson the town supervisor, a retired disney executive who decided to run east hampton and he said the local fishermen told him they have never in their whole lives seen as much water come in as came in yesterday, so it's a big contrast. we have a beautiful ocean, a destroyed coastline on the south shore. on the north shore they're trying to assess the water damage. the
superstorm sandy left 16 dead along the east coast. millions on the east coast left in the dark this morning. an estimated 7.8 million are believed to be without power and experts say it could be several days before it's restored. a huge fire ripped through breezy points in queens destroying 50 homes in one of the most remote neighborhoods. new york city subways remain closed after water poured into the subway systems and tunnels around manhattan. an mta spokesperson called it the worst damage to the subway system in its 108-year history. >>> the storm collapsed a construction crane in manhattan. robert frank is in new york on the scene with the latest. robert? >> reporter: there is some new information. i spoke to the fire chief who came out of the big meeting with the building developer, the engineer, the crane op rater and he said they're at the mercy of the weather. they cannot do anything including inspecting the crane until the winds up there die down to less than 35 miles an hour. let's take a look and i'll tell you the latest plan for d dismantling this crane over midtown manhattan t
without power because of superstorm sandy, bringing in this blizzard. we've been all over the area. we can tell you, it is like a ghost town in some areas. no gas stations are open. the hospital is operating on generator power only. they're only seeing emergencies today. also all of the gas stations that are closed as well. we've also been in the upper elevations where we've seen downed trees and power lines. that is causing a big problem. they're going to have to get with that. it will take a while. back to you. martha: boy, kelly, good to have you there to get the story out because it is, it is awful. and it is cold on top of everything else for all the poor people who have no power in their homes. kelly, thank you very much. we'll see more later on today. bill: you don't expect to see something like that after this storm but there it is, in plain sight. the storm damage in new york city is stunning too. these floodwaters they run like rivers through parts of lower manhattan now. we will take you there live in a moment. wow, screen left. martha: that is one of the most devastating storie
from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was not a hurricane when it hit new york shores. that's a big deal for a lot of home and businesses. >> wow. lot of time there's wind versus flood, they parse the difference. >> wind versus water. >> and some of the hurricane deductibles were 1% to 5% of the value of the home so that's he a big deal and issue. residents in new york city are without power, tensions are starting to run high. residents are struggling to fuel their cars and get to work. scott cohn joins us from lower manhattan. >> reporter: hi, becky. here we are in water street in the financial district where there's no power and look, no traffic. now take a loo
back to normal today after superstorm sandy forced the new york stock exchange and the nasdaq to wait out the storm and stay close from the last two days. if investors areomin back today, they may be wondering whether there's going to be extra volatility. ira harris joins us right now from the cme group in chicago. what's the sense you get? i've actually been surprised by how orderly all of this has been to date. >> it has been orderly, but i think that's because we've been taking our reads off of the european markets, which have held up pretty well. better than well. and where we are positioned when the storm hit -- well, let me say my deepest sympathies for everybody out on the east coast who has to deal with this. especially, joe, ken langone who was sick in the hospital with pneumonia. >> oh, i didn't know that. >> but let's go with the stocks. we're at such critical junctures here. it's an amazing thing, when i was going through my work the last couple days, to see the convergence of 200 moving day averages. it's a mean reversion. so we are coming back to an interesting stop poin
shortage in the wake of sandy. the agency issuing a temporary blanket waiver of the jones act allowing foreign flags fuel tankers from the gulf of mexico to supply the northeast. the superstorm caused a shoutdown of two refineries in the region. >>> verizon reporting fourth quarter results will take a big hit because of sandy outages and remediation efforts. the said it is not possible at this time to estimate the impact but expects it to be pretty significant. >>> sources telling bloomberg, rockdale securities is looking for a capital injection following a massive trading error. executives at the brokerage telling employees and investors a trader made unauthorized purchase of apple which eroded the firm's capital. that is very latest from the fox fox business network, giving you the power to prosper lori: watching markets. quarter till. let's check the market with nicole petallides on the floor of the new york stock exchange. how will sandy hurt their bottom line? >> no surprise to hear companies will begin and i'm sure, lori and melissa, over the next 10, 12 days, reporting a lot of
're looking at what the market is doing on the first day of trading following the superstorm. apple on track for it is worst monthly drop since 2008 as the market gets the first opportunity to trade the management shake-up. >>> and filling up at the pump, different around sandy's hardest-hit areas. we're looking at the energy trade as the east coast refineries getting up and running. we'll see you in about 15 minutes or so. >> thank you, scott. >>> governor christie is postponing halloween because of the hurricane sandy. he has put off celebrations under monday, november 5th because of unsafe conditions due to the storm. you've got to feel for all the kids in jersey. gary, a lot of people going through hardship. >> the children out by where i am, halloween is the last thing on their mind. getting electricity would be the best trite. >> and that's for homes that -- important to note. >>> the first flight into the newark liberty airport was a fedex plane, landed at 7:12 a.m. fedex is expecting to resume flights today. paul tronsore leads the control center, is in memphis this morning. thank yo
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